Logan Magruder Appointed President and CEO of Taos Resources
Posted on June 12, 2013
To lead Company with growing areas of production in the Gulf Coast of Texas and Kansas
HOUSTON, TX—Taos Resources has announced the appointment of Logan Magruder, formerly of Quantum Resources and Chief Oil and Gas, to become its new President and CEO. Magruder will be charged with aggressively expanding the Company’s footprint in its current areas of operations along the Gulf Coast of Texas and throughout Kansas.
He will be supported by a board of directors, including Chairman Frank Yates, of Yates Petroleum Corporation, and Director David Heikkinen, formerly of Tudor, Pickering, Holt & Co., and now founder of Heikkinen Energy Advisors, a boutique equity research firm based in Houston, Texas.
“I am excited to have a seasoned management team behind me, primarily composed of the former staff of Future Petroleum, including Executive Vice President and Co-Founder Keith Fite, Head of Operations Chris Haefele and Head of Geology Mark Seely,” said Magruder. “Everyone has their marching orders, now it's time to get to work.”
Taos Resources is backed by private equity firm Southwestern Growth Partners (“SWGP”), based out of Santa Fe, New Mexico. Edward Tinsley, an SWGP founder noted, “We are extremely humbled to have someone of Logan and Keith’s caliber at the helm of SWGP's oil and gas platform. Throughout their careers, each has demonstrated time and again they are capable of growing production through acquisition and discovery of emerging plays. We believe there are exciting things to come from Taos Resources.”
About Taos Resources
Taos Resources holds approximately 58,000 gross (38,000 net) acres in Texas, Kansas and Wyoming. The Company operates 90% of its producing acerage from over 120 wells. Taos Resources was formed in June 2013 to acquire Future Petroleum Company. The Company is owned exclusively by Taos Resources Fund I LLC, a private equity fund managed by SWGP.